RYANAIR CONDEMNS DAA FAT CAT'S LATEST QUANGO ROLE

RNS Number : 6841I

Ryanair Holdings PLC

17 June 2011

 



RYANAIR CONDEMNS DAA FAT CAT'S LATEST QUANGO ROLE

Ryanair, Ireland favourite airline, today (17th June) condemned DAA Fat Cat boss Declan Collier's (who received a €600,000 salary last year) latest quango role while he continues to preside over two half empty terminals at Dublin Airport, and record traffic declines at the three DAA airports.

Mr Collier's latest quango bauble, as President of the high cost monopoly airport association (Airport Council International), comes in addition to Mr Collier's other quango role as Public Interest Director on the Govt owned AIB bank, where last year he was paid some €50,000 to rubber-stamp big payoffs for failed bank managers.

Having developed the €1.2bn white elephant T2 at Dublin Airport, and presided over a 40% fees increase at Dublin Airport last year, Mr Collier is ideally placed to advise the other monopoly airports on how to jack-up costs and destroy traffic while getting paid Fat Cat packages in return for failure.

Ryanair's Stephen McNamara said;

"Today is another great day for the Fat Cat quango king Declan Collier.  Now in addition to receiving over €600,000 for mismanaging the DAA and some €50,000 for representing the public interest in the mismanaged AIB, he can bring his undoubted talent for mismanagement and Fat Cat pay and perks to another useless quango such as Airports Council International.  Today's appointment shows yet again that failure is no barrier to appointments to Fat Cat quangos.

While Mr Collier is wasting time and money with ACI in Brussels, his day job in the DAA and his pubic interest role in AIB continue to suffer from his mismanagement and decline."

Stephen McNamara                            Joe Carmody

Ryanair Ltd                                          Edelman

Tel: [phone]                         Tel. [phone]

 

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